Alaska Real Estate Exam Prep

AK Salesperson Practice Exam

Our Alaska Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Alaska’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Alaska License Requirements

Be a U.S. citizen or lawful permanent resident.

Be at least 19 years old.

Not be under indictment for forgery, theft, extortion, conspiracy to defraud, or any other felony implying character untrustworthiness.

If ever convicted of any of the specified felony charges, the complete sentence must have been served.

Complete 20 classroom hours approved pre-licensing education.

Alaska Reciprocal Agreements

None

Alaska Sample Practice Real Estate Exam Questions and Answers

Alaska State Section

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Question 1

What is Homestead protection?

A

The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

B

The estimated value that an asset will have at then end of it's useful life

C

Gradual subsidence of waters, leaving dry land

D

Net cash remaining to investor after sale of investment property

Question 2

Does Alaska have Dower laws?

A

No

B

Yes

Question 3

How many continuing education hours are required?

A

15 hours

B

10 hours

C

12 hours

D

20 hours

Question 4

A Salesperson license fee costs:

A

$275

B

$200

C

$250

D

$225

Question 5

Does Alaska use the Metes and bounds method of describing land, real property or real estate?

A

No

B

Yes

Question 6

Is Alaska a community property state?

A

Yes

B

No

Question 7

What term means "going to the state?"

A

Emminent Domain

B

Taxation

C

Police Power

D

Escheat

Question 8

Which of the following is required for an Alaska applicant to obtain a Real Estate License?

A

Must be 25 or older

B

Must have an associates degree

C

must have lived in the state for more than 2 years

D

must sit and pass the required exam

Question 9

In what circumstances, if any, can a broker in Alaska who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A

In most circumstances, except when the buyer and seller are related

B

None; the broker may only collect compensation from one party to a transaction

C

Only when both buyer and seller give informed consent to this arrangement

D

Only when both buyer and seller have legal representation

Question 10

In Alaska, which of the following is a landlord's option for a tenant not paying rent?

A

turn of the gas

B

unlawful detainer action in court

C

Turn of the power

D

Lock tenant out.

Question 11

Does Alaska allow Joint Tenancy or Tenancy by the entirety?

A

Tenancy by the entirety

B

Neither

C

Both

D

Joint Tenancy

Question 12

Does Alaska have Homestead Laws?

A

Yes

B

No

Question 13

What are Alaska's Reciprocity states?

A

Oregon

B

Montanta

C

California

D

Alaska does not have any.

Question 14

What is the minimum age required to obtain an Alaska Real Estate License?

A

19

B

18

C

20

D

21

Question 15

Which of the following would NOT put a sales person in jeopardy of losing their license in Alaska?

A

Depositing his/her clients escrow money into a personal account.

B

Placing an ad with a broker under their name when they are not a broker.

C

A salesperson authorized by a broker to accept an excessive commission

D

Conviced of a Felony

Question 16

Which is not necessary for a valid contract?

A

Legal object

B

due date

C

acceptance

D

Offer

Question 17

Which of the following isn't part of a deed?

A

Habendum

B

Acknowledgement

C

Premises

D

Novation

Question 18

Does Alaska recognize Holographic wills?

A

No

B

Yes

Question 19

In Alaska, standing trees would be considered:

A

Real Property

B

Personal Property

C

Emblements

D

Chattels

Question 20

Mortgage "discount" points only apply if which of the following conditions are met?

A

The interest rate on the mortgage loan has been lowered by 2% for each point charged

B

The seller has agreed to pay 1% of the closing costs

C

The loan does not close and the buyer owes the lender for services rendered

D

The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 21

How often is continuing education due?

A

Every 3 years

B

Every 2 years

C

Every 4 years

D

Every year

Question 22

In order to obtain an Alaska Real Estate License, you must have a high-school diploma or equivalent?

A

True

B

False

Question 23

The Real Estate License Law is administered by

A

State of Alaska Real Estate Commission

B

Alaska State Department

C

Real Estate Department of Alaska

D

Department of Real Estate

Question 24

In Alaska, who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A

Lessor

B

Agent

C

Buyer

D

Lessee

Question 25

In Alaska, how soon can a broker receive a commission check after a closing?

A

After the appraisal

B

After the transaction is completed and funded.

C

Once the lawyers give their ok

D

Once the buyer moves in

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